Wednesday, September 1, 2010

Social Security is not guaranteed to anyone.

In the 1960 case Flemming v. Nestor, the Supreme Court held that workers have no contractual right to Social Security benefits. And those benefits can be cut or eliminated anytime. Something to think about as we’re now, according to some estimates, just 30 days away from Social Security officially going into the red.

Will the younger generation be willing to support the boomers? In my opinion, it is not fair to ask them to support the older generation, but they will be asked to support them.

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